Rupiah, Philippine Peso 'Quite Attractive,' AllianceBernstein's Gibson Says

The video discusses the 2018 market events, focusing on credit quality and default rates. It highlights the Asian credit market, particularly the Chinese property sector, and its high yields. The impact of China's economic policies on bond yields is analyzed, with potential curve steepening. The video also covers currency exposure in Asian economies, including the RMB, Philippines peso, and Indonesian rupiah. Finally, it examines US dollar trends and the performance of emerging currencies, suggesting a portfolio strategy combining safe-haven and risk-seeking currencies.

What was the default rate in the credit market in 2018?

• 10.0%

• 5.0%

• 3.0%

• 1.9%

What is the expected impact of China's proposed wider budget deficit on government bond yields?

• Increase in yields

• Yields will fluctuate unpredictably

• Decrease in yields

• No change in yields

Which Asian currency is expected to remain supported in the short term?

• Philippines Peso

• Japanese Yen

• Indonesian Rupiah

• Renminbi

What combination of currencies is considered a good portfolio construction technique?

• Australian Dollar and Canadian Dollar

• US Dollar and Euro

• Japanese Yen and Asian currencies

• British Pound and Swiss Franc

What is the potential trend for the US dollar according to the discussion?

• Significant appreciation

• Stable with minor fluctuations

• Unpredictable movements

• Significant depreciation